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Friedrich August von Hayek CH FBA ( / ˈhaɪək / HY-ək, German: [ˈfʁiːdʁɪç ˈʔaʊɡʊst fɔn ˈhaɪɛk] ⓘ; 8 May 1899 – 23 March 1992), often referred to by his initials F. A. Hayek, was an Austrian-British polymath, whose areas of interest included economics, political philosophy, psychology, and intellectual history.
- Austrian (1899–1938), British (1938–1992)
- Early Life and Education
- Notable Accomplishments
- The Bottom Line
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Friedrich Hayek was born in Vienna, Austria, on May 8, 1899. He attended the University of Austria where he obtained doctorates in both law and political science in 1921 and 1923, respectively. He also completed postgraduate work at New York University in 1924. Hayek founded the Austrian Institute for Business Cycle Research and served as its direc...
Friedrich Hayek and Gunnar Myrdaleach won the Nobel Prize in Economic Sciences in 1974 "for their pioneering work in the theory of money and economic fluctuations and their penetrating analysis of the interdependence of economic, social, and institutional phenomena."
Hayek is considered a major social theorist and political philosopher of the 20th century. His theory on how changing prices relay information that helps people determine their plans is widely regarded as an important milestone achievement in economics. This theory is what led him to the Nobel Prize.
Friedrich Hayek was a famous economist who won the Nobel Prize in 1974 for his work on the theory of money and economic fluctuations. He was a defender of free-market capitalism and a critic of socialism. He was also a social theorist and political philosopher who influenced the Austrian school of economics and the classical liberal movement.
- Will Kenton
Sep 15, 2012 · Hayek worked in the areas of philosophy of science, political philosophy, the free will problem, and epistemology. For all that, Hayek was more hedgehog than fox. His life’s work, for which he won a Nobel Prize in Economics in 1974, illuminated the nature and significance of spontaneous order.
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Apr 25, 2024 · F.A. Hayek (born May 8, 1899, Vienna, Austria—died March 23, 1992, Freiburg, Germany) was an Austrian-born British economist noted for his criticisms of the Keynesian welfare state and of totalitarian socialism. In 1974 he shared the Nobel Prize for Economics with Swedish economist Gunnar Myrdal. (Read Milton Friedman’s Britannica entry on ...
Profile in Liberty: Friedrich A. Hayek, at Econlib. The Legacy of Friedrich von Hayek, a collection of seven lectures given to celebrate the 100th anniversary of the birth of Hayek, at the Online Library of Liberty. John N. Gray, F.A. Hayek and the Rebirth of Classical Liberalism, at Econlib.
Aug 2, 2011 · It was Friedrich Hayek, who represented the orthodox theories which Keynes attacked. According to Hayek the main cause of slumps was excessive credit creation by the banks leading to overspending.
Learn about the life and achievements of Friedrich August von Hayek, the Austrian-British economist who received the Nobel Prize in Economic Sciences in 1974. Find out his biography, books, academic appointments, honors and fellowships.
